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EPC Benefits for Consumers
As retailers and manufacturers implement EPC technology in their supply
chains, consumers will realize a broad range of benefits. Here are some of
the consumer benefits of EPC technology:
- Protecting consumers from counterfeit prescription medicines. Drug
counterfeiting costs more than $200 billion in lost revenue per year,
according to a Kessler International study. More importantly,
counterfeiting costs lives. Beyond counterfeit drugs, the EPC can help
reduce counterfeiting across a variety of product categories including
electronics, toys, and clothing.
- Tracking food products, such as meat and milk. Outbreaks of
hard-to-trace diseases like bovine spongiform encephalitis (Mad Cow) could
be more easily traced to the source. In some countries livestock is already
being tagged with RFID chips to track the animals to point of sale.
- Monitoring product freshness for goods with expiration dates.
- Providing businesses with a faster and more efficient way to recall
defective products.
- Enhancing our homeland security by improving the tracking of cargo and
ensuring our military men and women get the supplies they need during
deployment
- Providing unprecedented visibility of products in the supply chain
allowing retailers to track inventory more effectively, reorder products
more efficiently, and get the products consumers want on the shelves at the
right time.
- Protecting the environment by increasing recycling.
- Generating economic growth by creating jobs, spurring high-tech
investment, and paving the way for new applications in the future.
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